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Mastering the Financial Impact of the Production Process in Dynamics 365 for Finance and Operations

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#finance

#production

Dynamics 365 Finance

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Jan 26, 2024

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  • Dynamics 365 Finance and Operations offers tools and features to improve production processes and gain insights into their financial impact.
  • The production process in Dynamics 365 Finance and Operations is influenced by three main components that determine the cost and financial impact on the general ledger (GL).
  • There are three types of manufacturing processes supported by Dynamics 365: discrete, process, and lean, each with its own approach to costing.
  • Before using the Bill of Materials (BOM) in production, it is important to configure the necessary accounts in the Posting Production tab of the posting profile.
  • Cost categories and resource groups or individual resources need to be set up before using routes to record physical and financial transactions.
  • A costing sheet should be set up within the Cost module to record indirect or overhead transactions.
  • Financial postings at production orders include reporting on budget vs actual, cost estimates and costing, variance analysis, and fixed vs variable costs.
  • Understanding the financial impact of production activities on the GL and sub-ledgers is crucial for D365FO finance functional consultants working with the manufacturing module.

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